LAGUNA HILLS, Calif./ACCESSWIRE/March 22, 2022/ For most people who haven’t bought a home, the home buying process is a mystery. The housing market itself fluctuates constantly and is often unpredictable. It is also moving very quickly, especially right now when demand is at an all time high and inventory is low.
A rapidly changing market means buyers have little time to figure out where to get a mortgage and decide what types of loans are right for them, especially when many homes are selling above asking price and buyers are paying in. species. And for someone unfamiliar with the ins and outs of the market, shopping for a mortgage can be even more complicated than finding a home. There are so many options out there, and so many rules and stipulations for each one.
For people who don’t meet the criteria for certain loans, buying a home can seem like an impossible dream. Many lenders refuse to work with self-employed people, because proof of income is an important factor in whether or not a loan is granted. If your credit rating is low, lenders may also refuse to work with you.
Just because you don’t meet the criteria for some loans doesn’t mean buying a home can never happen: all you need to do is get a little creative and figure out which loan is right for you. better. This is where mortgage brokers like Brian Jahanbin come in.
A Mortgage Broker, for those who are unfamiliar, is not a lender itself, but has relationships with lenders and can use those relationships to find a loan that will work best for you and your situation. specifically.
For example: a mortgage brokerage firm based in Laguna Hills, California called Maxim Lending. Like many brokers, working with Maxim Lending will allow potential buyers to consider the widest possible range of loans, especially those they might not be able to find while shopping on their own. This is made possible through the industry relationships that an established brokerage will have established, especially after two decades of experience, such as those accumulated by Brian Jahanbin, President of Maxim Lending.
When you search for a lender on your own, you will likely be inundated with options – there will be many, many companies out there who want to work with you for financial gain. Some of them will offer legitimate deals with reasonable interest rates, and some will be less than honest with you. “One of the main benefits of working with a broker is that we can ‘verify’ the loans for you and determine which are legitimate and which are designed to take advantage of buyers,” says Brian Jahanbin. “Whatever your needs, we can find a loan that’s right for you. If you need a low down payment or your credit score isn’t that good, there’s always something for you.”
The one-on-one personal attention a broker can provide is something you might struggle to find when working with a bank or other loan officer. Sometimes looking for a loan from another institution can seem cold, impersonal and confusing. Working with a mortgage broker can be more reassuring for someone unfamiliar with the home buying process or the language used in most mortgages.
“As a broker, in order to stay afloat in the fluctuating real estate market of the past few years, you have to offer something special that banks and direct loan officers really can’t. We are focused on giving 100 percent to our customers, and prove ourselves by going the extra mile,” says Brian Jahanbin. “The process of getting a mortgage usually involves a lot of paperwork. Mortgage brokers are so familiar with this paperwork that it is very easy for us to take care of it for you.”
In an ever-changing economy and housing market, the process of getting a loan can seem overwhelmingly complicated. With an experienced mortgage broker like Brian Jahanbin by your side, reviewing your loan options and doing the paperwork, the process will feel a little less stressful, so you can focus on finding your new home.
THE SOURCE: Maxim Credit
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